Barcode Printers Market Expected to Reach $13510.6 Million by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Barcode Printers Market," The barcode printers market size was valued at $3758.6 million in 2022, and is estimated to reach $13510.6 million by 2032, growing at a CAGR of 13.7% from 2023 to 2032.

A barcode printer is a device that produces labels and tags for various types of products. These printers offer cost-effectiveness, greater durability, dependability, and clear print quality in addition to operating faster than conventional printers and having a longer service life. The primary purpose of barcode printers and qr code printer is to generate and print scannable barcodes, which are read by barcode scanners or mobile devices equipped with scanning capabilities. The information contained in the barcode can include product details, pricing, inventory tracking data, and other information.

The increase in demand for industrial printers across numerous industrial sectors is expected to drive development of various technologies such as advanced printing technologies, Barcode and Radio Frequency Identification (RFID) Integration. The increase in use of barcode printers for streamlining logistics processes is driving the growth of the market. Automatic Identification and Data Capture (AIDC) refers to the use of various technologies, including barcodes, RFID, and other data capture methods, to automatically identify and collect data about objects or products. Barcode printers play a crucial role by generating and printing barcodes on labels or tags used in the logistics industry. While barcode printers provide an efficient way to monitor products as they move through the supply chain, they also aid in the storage of serial numbers to handle information as the product moves through different channels, thereby encouraging the adoption of barcode printers. All these factors are predicted to drive the market growth during the forecast period.

One of the primary challenges with barcode printers is that they are only designed to work with a few selected user interface programs, like Linux and Windows. However, one of the major restraining factors for the barcode printers market growth is the initial investment cost, which can be significant for high-quality industrial-grade printers. Smaller businesses or organizations with limited budgets may find it challenging to adopt advanced barcode printing technology.. Therefore, this is anticipated to slow down the expansion of the global market for barcode printers in the future.

The integration of advanced connectivity and wireless technologies provides mobile printing solutions with enhanced flexibility, convenience, and efficiency. Mobile printing solutions enable users to print documents, images, or labels directly from their mobile devices, such as smartphones, tablets, or laptops, without the need for a direct physical connection to a printer, allowing workers to print labels, tags, or receipts immediately at the point of application. This avoids the time-consuming procedure of returning to a central printing station and enhances workflow efficiency. It also allows for real-time changes, ensuring that correct and up-to-date information is recorded and represented on the barcode labels. The use of wireless technology enables remote management and monitoring of barcode printers. These factors are anticipated to boost the market expansion in the upcoming years.

The barcode printers market share is segmented on the basis of product type, printing type, end-user industry, and region. By product type, it is classified into desktop printer​, mobile printer​, and industrial printer​. By printing type, it is classified into thermal transfer, direct thermal, and others.​ By end-user industry, it is classified into manufacturing​, retail, transportation and logistics​, healthcare​, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the barcode printers market analysis report include AVERY DENNISON CORPORATION, Canon Inc., Dascom, Honeywell International Inc., Oki Electric Industry Co., Ltd., Printronix, SATO Holdings Corporation, Zebra Technologies Corp, Toshiba Tec Corporation, and Stallion Systems & Solutions Pvt. Ltd.

The report offers a comprehensive analysis of the global barcode printers market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the barcode printers market demand. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Barcode Printers Industry

• The pandemic caused disruptions in the global supply chain, affecting the production and distribution of barcode printers. Factory closures, transportation restrictions, and shortages of raw materials led to delays in manufacturing and delivery.
• COVID-19 impacted almost all industries and the barcode printers producing companies had to cease their operations owing to import-export restrictions, lockdowns imposed across several countries, and shortage of labor. Also, the fear of contracting the novel coronavirus led to sluggish demand in the market.
• The COVID-19 pandemic presented both challenges and opportunities for the global barcode printers industry. While it caused disruptions in the supply chain and delayed investment decisions, it also accelerated the adoption of contactless and digitized solutions, creating new avenues for growth in sectors like e-commerce, healthcare, and logistics.

Key Findings of the Study

• Based on product type, the industrial printer sub-segment emerged as the global leader in 2022 and the desktop printer sub-segment is anticipated to be the fastest growing during the forecast period.
• Based on printing, the thermal transfer sub-segment emerged as the global leader in 2022 and the direct transfer sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on end-user industry, the manufacturing ​sub-segment emerged as the global leader in 2022 and the retail sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on region, North America registered the highest market share in 2022 and Asia-Pacific is predicted to show the fastest growth in the upcoming years.